The Russian ruble is approaching the 69.80 resistance level against the drop in oil prices. So far, the currency pair might reach a very strong psychological level of 70.00 and head even further:
There is a broken downtrend in the weekly chart of currency pair EUR/USD. A true breakout is not quite there yet, but it may happen anytime soon. Let’s check what’s up with the lower time frame:
In the daily chart, we should rely on the pullback from the broken trend. It’s not yet clear whether the 1.1240 level will support the asset’s price and form a bullish flag before the continuation of an ascending move. The currency pair might also jump:
The reports by COT CFTC show that large operators quickly decreased their short positions on single currency. It might evoke the growth of the currency pair EUR/USD and serve as an additional signal for the development of situation further on the charts above:
The British pound remains in a small range while other currencies want to retest the broken trend, therefore the asset might want to pull back from this trend quite soon:
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